Jay D. Martin - Sep 2, 2021 Form 4 Insider Report for CREDIT ACCEPTANCE CORP (CACC)

Role
SVP - Finance & Accounting
Signature
/s/ Jay D. Martin
Stock symbol
CACC
Transactions as of
Sep 2, 2021
Transactions value $
-$1,309,498
Form type
4
Date filed
9/3/2021, 04:12 PM
Previous filing
Jul 22, 2021
Next filing
Feb 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CACC Common Stock Sale -$151K -231 -2.92% $653.44 7.67K Sep 2, 2021 Direct F1, F2
transaction CACC Common Stock Sale -$1.16M -1.77K -23.07% $654.92 5.9K Sep 2, 2021 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding CACC Employee Stock Option (right to buy) 19.5K Sep 2, 2021 Common Stock 19.5K $333.94 Direct F4
holding CACC Employee Stock Option (right to buy) 2.25K Sep 2, 2021 Common Stock 2.25K $390.39 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $653.06 to $653.82, inclusive. The reporting person undertakes to provide to Credit Acceptance Corporation, any security holder of Credit Acceptance Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes to this Form 4.
F2 Includes 3,400 vested restricted stock units that were granted under the Company's Incentive Compensation Plan.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $654.27 to $655.13, inclusive. The reporting person undertakes to provide to Credit Acceptance Corporation, any security holder of Credit Acceptance Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes to this Form 4.
F4 The option, representing a right to purchase 19,500 shares, is exercisable in four equal annual installments beginning on December 30, 2021, which is the first anniversary of the date on which the option was granted.
F5 The option, representing a right to purchase 2,250 shares, is exercisable in four equal annual installments beginning on April 28, 2022, which is the first anniversary of the date on which the option was granted.